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Oil market may recover if OPEC, non-OPEC states extend oil production cut deal

In early December, OPEC and 11 oil producing countries outside the cartel, including Russia, agreed to cut oil production in the first half of 2017 by 1.8 mln barrels per day

MOSCOW, May 13. /TASS/. The oil market may recover and get balanced by the end of 2017 or early in 2018 if OPEC and non-OPEC countries extend their deal to reduce oil production, Russian Energy Minister Alexander Novak told reporters on Saturday.

"A lot of factors are influencing this, so monitoring is needed. I think by the end of the year or even the winter period of next year, by that time," Novak said in reply to reporters’ query.

He said a balance between supply and demand will come at the end of the year or early in 2018 judging by the current pace of reduction in oil and petroleum products reserves. By that time, global crude inventories are expected to be back to a five-year average.

In early December, OPEC and 11 oil producing countries outside the cartel, including Russia, agreed to cut oil production in the first half of 2017 by 1.8 mln barrels per day.

The goal of the alliance is to reduce global oil stocks to the latest five-year average.

Meeting in Vienna on May 24-25, the participants in the deal will consider extending the agreement.

Russian court blocks JPMorgan’s funds in VTB lawsuit

The court also blocked any securities held by JPMorgan’s entities in Russia

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Top Russian security official pledges continued push toward global justice

Nikolay Patrushev added that Moscow is happy that its position is received well by most countries, whose delegates are attending a meeting in St. Petersburg

Moscow court arrests Deputy Defense Minister Ivanov over bribery case

The court said that Timur Ivanov is accused of receiving a bribe as part of an organized group while performing contracted and subcontracted work for the Defense Ministry

Top Russian security official praises Republika Srpska’s principled position on Ukraine

"In this context, we particularly appreciate the principled position against joining the sanctions regime, your firm and consistent line on the Ukrainian crisis is particularly valuable for us," Nikolay Patrushev pointed out

Canada allows Airbus to use Russian titanium despite sanctions — Reuters

"Airbus is aware of the Canadian government imposing sanctions on VSMPO and has obtained the necessary authorization to secure Airbus operations in compliance with the applicable sanctions," the company said

Throughput capacity of Baikal-Amur Mainline surging threefold in twelve years

Shipments over the Eastern Range uniting BAM and the Trans-Siberian railroad is to reach 270 mln metric tons per year over the ten-year period, the head of state said

US has no idea what to do about Zelensky — Seymour Hersh

According to the journalist, the decision to conduct the operation was made by US President Joe Biden personally, following nine months of discussions with White House national security advisers

US can ship weapons to Ukraine within few days if funding approved — Pentagon

Armenia’s decision on CSTO membership its sovereign choice — secretary general

Commenting on the possibility of a confrontation between Armenia and the CSTO amid Yerevan’s remarks on its aspiration to leave the organization and get closer with NATO, Imangali Tasmagambetov noted that such a scenario is "merely hypothetical"

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Biden administration raking it in from Ukrainian conflict — North Korean diplomat

According to Im Chon Il, Washington's goal is to use the Ukrainian conflict to serve the interests of the US military monopolies and at the same time to subjugate the "puppet regime" of Ukrainian President Vladimir Zelensky

North Korea’s economic delegation leaves for Iran — agency

According to Yonhap news agency, the trip may be related to the two countries’ plans to boost military ties

IN BRIEF: Russian deputy defense minister, entrepreneur arrested for taking bribes

According to the investigation, Timur Ivanov and Sergey Borodin "criminally conspired with third parties" in order to receive a bribe "as providing monetized services when conducting contracted and subcontracted work" for the Defense Ministry

Western countries plant spy infrastructure in their embassies, says CSTO secretary general

Among other challenges Imangali Tasmagambetov named the lack of an international legal framework for regulating relations in the field of information security and the implementation of a unilateral policy in this field

No damage, casualties after drone attack over Russia’s Kursk Region

Roman Starovoit thanked air defense troops and the regional crisis center and cautioned residents against approaching the drone wreckage if found

West’s unwillingness to give up hegemony escalates tensions in world — security official

According to Nikolay Patrushev, this creates conditions for the devaluation of international law and its institutions and the erosion of the UN's central role in resolving global and regional conflicts

Press review: GOP tussles over Ukraine bill and Putin, Aliyev talk partnership

Top stories from the Russian press on Tuesday, April 23rd

Continued threats to Pyongyang to put US, allies in danger, Kim Jong Un’s sister warns

"We will keep building up overwhelming and strong military capacity to protect our sovereignty and security, as well as peace in the region," Kim Yo Jong said

Drone crashes in industrial zone in Russian city of Lipetsk

There were no casualties, egional Governor Igor Artamonov said

Press review: Dissecting US aid package to Ukraine and sands of global economy shifting

Top stories from the Russian press on Monday, April 22nd

Ukraine’s draft dodger makes attempt to cross Dniester into Moldova on air mattress

Men of conscription age try to leave the country in every possible way, often putting their lives at risk

Gagauzian leader on unity of Moldova’s opposition, ability to watch Russian TV channels

Yevgenia Gutsul underlined that Gagauzia plans to start exporting products to Russia in the near future

Calls for joint use of nuclear weapons with US dangerous — ICAN

The organization believes that the states that deploy nuclear weapons on their territory are "consenting to be party to mass murder of civilians"

Ukraine could send special forces to capture Zaporozhye NPP — politician

According to Vladimir Rogov, the Ukrainian troops are holding drills to cross the Dnieper from the right bank to the left bank and capture a large industrial site

Ukrainian troops in Kharkov Region lift antennas with kites to get better signal

Military expert Andrey Marochko speculated that the Ukrainian army had to resort to this tactic because the TV tower in Kharkov was damaged

Russia, Africa united by common vision on global issues — senior diplomat

Mikhail Bogdanov noted that "the African continent is a dynamically developing part of the world with an enormous growth potential, attractive domestic market and expanding export prospects"

Biden to sign Ukraine aid bill on April 24

According to a statement released by the White House, the US plans to resume weapons supplies to Kiev this week

Radicals, intel services behind terror attacks in various countries, says Putin

The tactics employed by these criminals are becoming increasingly complex and barbaric, the Russian leader pointed out

Putin stays in daily contact with Sergey Shoigu, Kremlin spokesman says

Timur Ivanov was arrested by Moscow’s Basmanny Court

Ukrainian army short about 150,000-200,000 troops, says Polish general

Waldemar Skrzypczak also said it was "a matter of hours" until Kiev received the weapons allocated by the US as part of its latest military aid package

Energy facilities catch fire in Russia’s Smolensk Region following drone attacks

Governor Vasily Anokhin added that rescuers from the Russian Emergencies Ministry were dealing with the aftermath of the Ukrainian drone attacks

France preparing contingent of 2,000 troops to be sent to Ukraine — intelligence chief

According to Sergey Naryshkin, the French military "fears that such a large military unit cannot be transferred and stationed in Ukraine unnoticed"

No response from West to killing of Izvestia war reporter Eremin — diplomat

The Russian war correspondent died of wounds suffered from a strike by a Ukrainian FPV drone on April 19

Putin proclaims Odessa Russian city, challenges Ukraine's historical narrative

At the same time, the president noted that once upon a time "Vladimir Lenin gave away the whole of Ukraine when he created the Soviet Union"

Four women killed in Zaporozhye Region in Ukrainian drone attack

The local emergencies services stressed that the car was targeted deliberately

US State Department confirms secret shipments of long-range ATACMS missiles to Kiev

Joe Biden directed to send ATACMS to Ukraine in February, the Principal Deputy Spokesperson for the US Department of State Vedant Patel said

Russia ready to cooperate with all interested partners to ensure security — Putin

The Russian leader expressed confidence that the the 12th International Meeting of High Representatives for Security Issues "will bolster cooperation for the mutual benefit of our countries and peoples"

Russia discourages use of UN sanctions for interference in African affairs — envoy

Vasily Nebenzya underscored that Russia continues to "make an important contribution to strengthening of African countries’ potential, including UN Security Council and General Assembly"

Modern weapons make up 82% in Russian air defense troops — Shoigu

"The Kiev regime has failed to achieve the goals of its counteroffensive prepared by NATO instructors," the defense minister said

Moscow slams NATO drills near Russian borders as inflammatory

"It is obvious that the upcoming combat training on the territory of Finland is part of a hybrid war against our country," Maria Zakharova said

Gagauzia against Chisinau’s policy of severing ties with Russia

According to Yevgenia Gutsul, Gagauzia has never experienced such pressure from Chisinau

Ukraine turns into testing ground for future world order, says Belarus president

"The largest nuclear powers, albeit indirectly, are actually fighting on Ukrainian territory. And not indirectly," the president of Belarus noted

Russian troops destroy four boats with Ukrainian assault force on Dnieper River

Russia’s Dnepr Battlegroup inflicted casualties on the 141st, 65th and 128th brigades of Ukrainian armed formations, delivered strikes on temporary deployment sites, military hardware and artillery positions of the Ukrainian army on the right bank of the Dnieper River, Vladimir Saldo said

Top Swiss diplomat reiterates need for Russia’s involvement in resolving Ukraine issue

However, Ignazio Cassis declined to comment on Russian Foreign Minister Sergey Lavrov’s recent statement that Switzerland had turned from a neutral country "into an openly hostile one"

Global community changing tune about how Ukraine conflict started — security official

According to Nikolay Patrushev, these countries "understand perfectly well who is financing" the Kiev regime

Russian troops wipe out Ukrainian UAV production workshop over past day

The Russian forces improved their frontline positions and inflicted casualties on five Ukrainian army brigades in the Donetsk area over the past day, the Defense Ministry reported

US shifted conflict in Europe onto EU, NATO shoulders to weaken Russia, says Lukashenko

The Belarusian leader specified that the US had organized the conflict in Europe, in this case in Ukraine, and "shifted it onto the shoulders of the European Union and NATO, promising to help with money"

Russia recovers black boxes from crashed Tu-22M3 bomber

According to the law enforcement, the search for the fourth crew member is ongoing

Press review: NATO flexes muscles near Russian border and South China Sea runs hot

Top stories from the Russian press on Wednesday, April 24th

Russia's response to seizure of frozen assets in US to have no timeframe — chief delegate

Konstantin Gavrilov emphasized that the US will have to be brought to account for this decision

Russia’s victory in Ukraine to change course of history in Europe — von der Leyen

Ukraine "is carrying a heavy burden" for the benefit of the EU, and therefore EU member states must "provide Ukraine with means to defend themselves," European Commission president said

EU may sanction 10 firms for allegedly shipping weapons tech to Russia — Bloomberg

According to the agency, the companies being assessed for potential sanctions are based outside Russia but have links to Russian and Belarussian individuals and firms

NATO has no plans to deploy nuclear forces in Poland — Stoltenberg

NATO Secretary General did not immediately understand the reporter’s question, forcing the reporter to explain that they were referring to the idea of deploying nuclear weapons in Poland

NATO makes Russia its neighbor by expanding eastward, Russian envoy says

Earlier, NATO Secretary General Jens Stoltenberg claimed that increased payments to the bloc’s budget were the cost of having Russia as a neighbor

Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

Larry Johnson also noted that the Russian forces manage to advance recently despite the slush on the roads

Detained deputy defense minister suspected of taking grand bribe of over $10,000

This charges carries a punishment of up to 15 years behind bars

Weapons for new US package for Kiev yet to be found — Ukrainian ambassador

Oksana Markarova explained that $4 billion worth of weapons that was to be provided under the previous decisions still remained undersupplied

Network of international conspirators plotted Crocus terrorist attack — watchdog

Yury Chikhanchin pointed out that the perpetrators of the attack were provided with money, weapons, transportation and ammunition

ATACMS shipment proves ‘Zelensky’s formula’ needed in US as ‘smoke and mirrors’ — diplomat

"Washington’s plan is sickeningly simple, as it means dragging everyone under the pretext of ‘peace intentions’ to an empty gathering, while bolstering Zelensky’s terrorist potential," Maria Zakharova said

Russian children’s commissioner holds first face-to-face talks with Ukrainian counterparts

Maria Lvova-Belova thanked Qatar for setting up a venue for dialogue between Russia and Ukraine regarding children’s interests

Switzerland unblocks Russia-related assets worth 290 mln Swiss francs

The total amount of blocked assets of the Russian Federation decreased by 150 million Swiss francs (about $165 million) due to the fact that a number of individuals "were removed from the EU sanctions lists"

Russia vetoes US-backed UNSC resolution on banning nuclear weapons in outer space

The resolution gained 13 votes

US incapable of replicating Cold War-era arms race — Valdai club expert

According to Dmitry Stefanovich, in order to prevent a new unbridled arms race, it is necessary to work on strategic stability as well as the sphere of arms control

Russia’s top brass reports destroying US-made Hawk air defense system in Ukraine operation

Russia’s Battlegroup South inflicted casualties on personnel and equipment of two Ukrainian army brigades and improved its tactical position over the past day, the Defense Ministry reported

US expert says more ATACMS won't alter battlefield dynamics in Ukraine

"There is no magic weapon, there is no series of weapons that could change this" situation for the Ukrainian armed forces, Scott Ritter said

US stops hiding true purpose of sanctions on Moscow, Russian envoy says

"It’s not about any mythical aspirations to resolve the conflict in Ukraine, but about banal opportunistic and predatory ambitions," Anatoly Antonov said

Russian envoy, authorities of Afghanistan call for unfreezing of Afghan assets

The Foreign Ministry noted that the sides discussed "further development of the diverse bilateral cooperation in political and economic areas, and the establishment of the regional cooperation with Afghanistan within the Moscow format"

Most agents at Security Service of Ukraine set on war with Russia — former officer

Vasily Prozorov said that "it is extremely difficult to count on any better judgement on their part"

Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

Russia seeks to break down barriers for its food exports — MFA

Sergey Vershinin recalled that Russia suspended its participation in the Black Sea initiative for the export of grain and food due to the fact that it could not be implemented in the original volume

Russian court blocks JPMorgan’s funds in VTB lawsuit

The court also blocked any securities held by JPMorgan’s entities in Russia

Gaza settlement crucial for Islamic world, Erdogan believes

In his opinion, it would be a mistake to view the Gaza issue solely from the perspective of October 7, 2023, when the Palestinian-Israeli conflict sharply escalated

Ukraine exhausted, needs constant money flow from outside — defense official

Apty Alaudinov added that if the Ukrainian army received long-range weapons, it might try to attack Russia's civilian infrastructure due to its powerlessness on the front

Baku cannot turn blind eye to France, India, Greece arming Armenia — President Aliyev

"If we see a serious threat to us, we will have to take serious measures," the Azerbaijani President warned

US military aid for Kiev cannot stop Russian army’s advance — North Korean diplomat

The US Congress House of Representatives earlier passed bills on military aid to Ukraine, Israel and Taiwan

Russian tourists flock to North Korea — embassy

"Today, under the two countries’ leaders’ special attention, political contacts, exchanges, cooperation in the economic, culture, science and other areas are developing with renewed momentum," Minister Plenipotentiary of the republic's embassy in Russia Lee Yong Zin said

Russian deputy defense minister detained on suspicion of bribe-taking

"Russian Deputy Defense Minister Timur Vladimirovich Ivanov was detained on suspicion of committing a crime under part 6, article 290 of the Russian Criminal Code," the Russian Investigative Committee said

Musk concurs that civil war looming in West

The US businessman commented on remarks by Gad Saad, a Canadian professor of Lebanese origin, who insisted that "the path that the West is taking will result in civil war"

Beijing condemns US hypocrisy around Ukraine conflict

Foreign Ministry Spokesman Wang Wenbin reiterated that China "is not an instigator or a party to the Ukrainian crisis and has never fanned the flames of the conflict, not to mention, used the situation for its own purposes"

Ukraine lost best fighters near Artyomovsk, retired general says

Sergey Krivonos added that relocation of troops from one direction to another will not solve Ukrainian forces’ problems, and that each fighter should be used according to their specialization

Russian defense minister dismisses his deputy Ivanov

Timur Ivanov was removed from the office of deputy defense minister of the Russian Federation of the federal government’s civil service

Putin’s inauguration to take place on May 7, senator says

According to the law, the president-elect takes office for six years

US effectively dooms Ukraine by its new decisions, Russian envoy says

"The American aid won’t save Zelensky. New weapons will be destroyed, and the special military operation goals will be achieved," Anatoly Antonov stressed

Ukrainian connection to Crocus terrorist attack undeniable — ex-SBU officer

Vasily Prozorov noted that the perpetrators could have been eliminated once they crossed the border

Kremlin vows legal action against US bill on seizing Russian assets

Dmitry Peskov noted that the trial will be "very complex," but will cause severe damage to US economic interests if the US authorities finally approve the bill regarding Russian assets

Raisi doubts 'Israeli regime' to exist in case of its attack on Iran

"If Israel makes a mistake and attacks Iran, completely new conditions will emerge for it and it is unclear whether anything will be left of the Israeli regime at all," the presidential press service quoted Raisi as saying

US arms supplies unable to change situation in Kiev's favor — Kremlin

Dmitry Peskov pointed out that a year ago the opponents "were telling everyone that they were waiting for the moment Russia would be defeated on the battlefield"

Russia to incorporate US nuke scenario in Poland in its military planning — diplomat

"Poland’s authorities make no secret of their striving to lean closer on the US nuclear weapons deployed in Europe and are actively using these ambitions in their hostile Russian policy," Maria Zakharova stressed

Russia has significant amount of West’s funds in case of confiscation of its assets

Russia views the West’s encroachment on its assets as "a blatant and shameless theft for the purpose of lining its pockets," Maria Zakharova noted

Kremlin vows to resolve situation with Turkish Airlines refusing service to Russians

Russia has "very constructive and friendly relations" with Turkey, Dmitry Peskov stressed

Putin informed about detention of Deputy Defense Minister Ivanov

Minister Sergey Shoigu was also informed beforehand, Russian Presidential Spokesman Dmitry Peskov said

Russia maintains position on 'buffer zone' in Ukraine to counter missile threats

Dmitry Peskov added that the issue of fighting against long-range weapons being supplied to Ukraine and potential strikes on the areas where they are concentrated "is rather under the purview of <…> the armed forces"

Russia and friendly countries produce almost 90% of components for Aurus cars — NAMI

"We developed this car in close cooperation with European, Korean and other foreign partners, but due to certain events we had to abandon this cooperation," Alexander Lebedev pointed out

US using human rights topics to shake political situation in Russia — embassy

"Attacks against Russia mainly focused on challenging the legality of the special military operation in Ukraine", the Russian embassy said

Hamas threatens that hostages remaining in Gaza may go missing

Spokesman for the Izz ad-Din al-Qassam Brigades Abu Ubaida emphasized that at the moment "the ball is in the court of Israel's allies," but "time and opportunities are limited"

Russia presents world’s first hydrogen-fueled luxury car at Innoprom exhibition

The unique vehicle was built on the basis of the Aurus Senat luxury car

Russian forces take Ukrainian strongholds near Klescheyevka under control

Apty Alaudinov posted a drone video footage of elimination Ukrainian personnel and Russian forces capturing enemy trenches

Russia tasked with 'building new world' — Putin

Speaking at a plenary session of the Valdai Discussion Club, the Russian leader also highlighted "the role and responsibility" of its members

Israel retaliates missile launches from Gaza Strip — IDF

A warning had been issued before the attack calling on people to temporarily evacuate from the area

Post-Soviet security bloc holds arms control consultations in Moscow

The participants in the consultations "stressed the importance of stepping up efforts to prevent further erosion of the relevant international legal framework"